NNPC Limited: Understanding the Hybrid Identity of Nigeria’s National Oil Company

With the unveiling of NNPC Limited, one of the burning questions has been on its identity, in light of its incorporation as a limited liability company and the requirement of the Petroleum Industry Act, 2021 for it to run as a commercially driven entity, yet with ownership retained in the Government. In this newsletter, we provide clarity to the legal issue thrown up; taking into cognizance relevant extant laws and case law.

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